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A default payment is the payment that a company agrees to make if a contract is not fulfilled. This term is often used in the context of loans and credit agreements. For example, if you take out a loan from a bank, the bank may require you to set up a default payment in case […]
If you have been a personal loan defaulter for 10 years, you are not alone. Many people find themselves in this situation, and it can be difficult to get out of. However, there is hope! In this blog post, we will discuss some strategies that can help you get back on track and start rebuilding […]
If you have defaulted on a loan in India, you may be feeling anxious and uncertain about your future. You may be worried that you will be harassed by debt collectors or that you will lose your property. Do not worry – you have rights! In this blog post, we will discuss the steps you […]
Mudra loans are a popular form of small-scale lending in India. However, many people have been defaulting on these loans, and the government is now taking legal action against them. In this article, we will discuss the legal actions that are being taken against mudra loan defaulters and what this means for them. Stay tuned […]
If you have a bad CIBIL score, don’t worry – you’re not alone. A lot of people find themselves in this situation, and it can be difficult to get a personal loan. However, there are ways to improve your chances of getting approved for a loan. In this blog post, we will discuss 5 tips […]
Loan default is a situation where the borrower fails to make payments on a loan, causing the lender to suffer a financial loss. This can happen for a variety of reasons, including job loss, illness, or simply not being able to afford the monthly payments. If you are thinking about taking out a loan, it […]
Yes, it is possible to get your name removed from CIBIL Defaulter’s list.Let us first try to understand few basic things regarding CIBIL What is CIBIL and what does it do? CIBIL is a credit information bureau that keeps track of an individual’s credit history. This information is then used by banks and financial institutions […]
When a person applies for a personal loan from a bank, they are legally obligated to repay the loan on time. Even if the borrower intends to repay the advance in full, it is possible that he or she will be unable to do so. Reasons for Loan Default Loan default can occur for a […]
Small-ticket personal loans (STPL) which a decade ago were the pinnacle of the crisis in a similar segment are back with a bang. This time, they are run by finance companies who use analytics-based software to approve and pay low-value loans. The share of small-ticket loans in personal loans has become five times in the […]
It cannot be disputed that loans are a person’s biggest liability and must be repaid in a timely manner. In fact, the entire process of taking a loan and getting it approved is challenging. To add insult to injury, job loss, unemployment, and other misfortunes could lead to troubles when it comes to repaying the […]
